SLB N.V. (SLB) Revenue — Quarter Ended Mar 31, 2026
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease was driven by lower services revenue, while product sales increased year over year.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease was driven by lower services revenue, while product sales increased year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
-10.5%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $8.5B | -6.5% |
| Sep 30, 2025 | $8.9B | -2.5% |
| Dec 31, 2025 | $9.7B | +5.0% |
| Mar 31, 2026 | $8.7B | +2.7% |
Revenue performance
Total revenue for the quarter was lower than the immediately preceding quarter, reflecting a decrease in services revenue that outweighed growth in product sales.
Quarterly comparison
Compared to the same quarter one year earlier, total revenue increased, supported by higher product sales despite a decline in services revenue.
What to watch
The sequential decline in services revenue warrants attention given its larger share of total revenue.